New Delhi, June 3 -- Asian Paints has fallen out of favour with analysts and investors in recent months. After remaining flat for three years, the stock has eroded 32% of investor wealth since September 2024. The sector and the broader market have remained relatively resilient during this period.

Analysts have washed their hands of the stock. Goldman Sachs, JP Morgan and Citi have all sounded the selling horn on Asian Paints. Is this pessimism warranted, or will the stock take everyone by surprise?

Broad-based pessimism

The pessimism around Asian Paints is not limited to a select few analysts. Of the 38 brokers covering the stock, barely a handful - HSBC, HDFC, and Nuvama - are still positive on it. Only 16% are holding out a 'buy' sig...